OPEC cuts oil demand forecast again as Strait of Hormuz closure continues
The Organization of the Petroleum Exporting Countries cut the expected global oil demand for 2026 again on Thursday. OPEC’s ...
Hormuz closure cuts OPEC oil production by 30% and threatens demand growth this year, cartel says
Global demand is facing constraints because supply from the Persian Gulf has been effectively cut off by Iran's blockade of the Strait of the Hormuz.
OPEC lowers this year’s oil-demand forecast
The Organization of the Petroleum Exporting Countries cut its oil demand estimates for this year as the U.S. blockade on Iran ...
NewsBytes
OPEC trims 2026 oil demand growth to 970,000 bpd again
OPEC has cut its 2026 oil demand growth forecast to 970,000 barrels per day, marking a second consecutive reduction amid ...
ChemNet News
OPEC cuts 2026 oil demand growth forecast for the second time
The Organization of the Petroleum Exporting Countries (OPEC) released its latest monthly oil market report on Thursday.
Oil prices forecast to stay range-bound in 2026
TA Research is maintaining its "neutral" stance on the oil and gas sector, as rising global oil inventories and supply ...
Reuters
Global oil supply to plunge below demand this year due to Iran war, IEA says
LONDON, May 13 (Reuters) - Global oil supply will fall short of ‌total demand this year as the Iran war wreaks havoc on Middle East oil production and drains inventories at an unprecedented pace, the ...